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CNN
Dec 8, 2012 10:00am PST
. now fears about the fiscal cliff and america's $16.3 trillion debt are pushing some, seen here, to renounce the pledge. i have been highlighting members of congress who said they are getting over grover. one of those members is tom cole of oklahoma. he signed the pledge and says he's not bound by it anymore. representative cole, a month ago you wrote allowing taxes to rise for just the top bracket may seem an acceptable middle ground by comparison. but this path would be enormously damaging to the economy, which meant you weren't going to do it. now you have been urnling your fellow congressmen to at least extend the bush era tax cuts to those making less than $250,000 and then do battle over tax cuts for the wealthy later. what changed your mind? >> first of all, nothing changed my mind. frankly you mischaracterized my position. i'm not for raising tax rates on anybody. i don't think it's a good idea. bad for the economy. going to slow down, hurt rates. that's my position, not because i signed a pledge. that's what i believe. what i have said is we agree with the president that taxes on 98% of the american people shouldn't go up. that's 80% of the b
CNN
Dec 9, 2012 12:00pm PST
cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we'll look at the year that was. year that was. "your $$$$$" starts right now. -- captions by vitac -- www.vitac.com >>> congratulations, washington, you achieved nothing this week. this is "your $$$$$." last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good
CNN
Dec 9, 2012 3:00pm EST
political suicide for republicans, but now, fears about the fiscal cliff and america's debt are pushing some seen here to renounce the pledge. i've been highlighting members of congress who have recently said they're getting over grover. one, tom cole, says he is not bound anymore. representative cole, you wrote allowing taxes to rise for the top bracket may seem acceptable by comparison, but this path would be enormously damaging for the economy. which meant you weren't going to do it. now, you've been urging your fellow congressmen to at least extend the bush era tax cuts to those making less than $250,000 and then do battle over tax cuts for the wealthy later. what has changed your mind? >> frankly, nothing, and you've mischaracterized my position. i'm not for raising tax rates on anybody. it's going to slow down, hurt rates. that's my position. not just because i signed a pledge, because that's what i believe. what i have said is we agree with the president that taxes on 98% of the american people shouldn't go up. that's his position. that's our position. why not just take that off the table right now? it's 80% of the bush tax cut. we could make it permanent. we're s
Search Results 0 to 2 of about 3